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11th Class Business Studies Social Responsibilities Of Business And Business Ethics Question Bank Social Responsibilities of Business and Ethies (Long)

  • question_answer
    If you start a business, which objective will be of utmost importance to you and why?

    Answer:

    Ans.     If I start my own business, my social objectives will be of utmost importance to me because:
    (a) It will create employment opportunities in the economy. I will make use of such methods which are desirable from social view point.
    (b) It will help me to provide good quality product at reasonable prices to my customers.
    (c) It will keep environment pollution free.
    (d) When I will concentrate on these objectives. It will satisfy my consumers and employees. Consumer satisfaction will lead to improvement in my goodwill and market standing. Employee satisfaction will lead to increase in productivity. These two factors will increase profits in the long run automatically.


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